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"poverty decline" is correct and usable in written English.
You can use it to describe a decrease in poverty rates over time. For example: According to recent studies, there has been a sharp decline in poverty over the past decade.
Exact(9)
And every global region has seen poverty decline.
Analyzed by race, only Hispanics saw poverty decline on average while other groups experienced no gains.
Rising oil prices have made poverty decline to some extent, but Mr. Putin has made no effort to eradicate it altogether.
Just 17 of the nation's more than 3,100 counties saw poverty decline in a statistically significant way among children ages 5 to 17. Poverty for that age group rose in 964 counties from 2007 to 2012.
Water, energy and food are vital for human well-being, poverty decline and sustainable expansion (FAO 2014a, b).
The rate of poverty decline has not been higher in the post-reform period (since 1991).
Similar(51)
Child poverty declined sharply.
Poverty declined among every group.
Poverty declined by 1 percent a year from 1999 to 2005.
Poverty declined steadily for the first time since independence.But there was a downside too.
The only region of the world where poverty declined much was East Asia -- from 27.6percentto15.3percentcent.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com